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minaebied minaebied
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A year ago
A trust company pays 2.5% compounded semiannually on its three-year GICs. For you to prefer an annually compounded GIC of the same maturity, what value must its nominal interest rate exceed? Round to the nearest 0.01%.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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ramos1992ramos1992
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A year ago
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